Bitcoin traders face Friday’s $2.7 billion options expiry with a dangerous five-hour blind spot
Deribit’s Friday expiry precedes payrolls by five and a half hours, while later-dated puts span different risks at higher quoted prices.
The Eric Trump-backed miner reported $126 million in quarterly net income, largely driven by gains on its Bitcoin holdings, despite rising mining costs and shrinking margins.
Bitcoin Magazine Bitcoin Price Trades Near $76,000 as Nasdaq Tumbles into Correction Bitcoin price held near $76,000 Thursday afternoon as the Nasdaq sank deeper into a correction, crypto liquidations topped $1 billion and Strategy, Coinbase and bitcoin miners sold off in double digits.
November 5, 2026, 9:46 pmThe market downturn signals increased risk aversion, potentially impacting investment strategies and economic stability globally.
November 5, 2026, 9:37 pmDeribit’s Friday expiry precedes payrolls by five and a half hours, while later-dated puts span different risks at higher quoted prices.
Bitcoin Magazine Core Scientific (CORZ) to Exit Bitcoin Mining by Year-End as Colocation Hits $215 Million Core Scientific will finish winding down bitcoin mining in the fourth quarter and enter 2027 as a pure-play AI colocation landlord, with self-mining revenue already down to $12.3 million.
Fresh forensic analysis traces $48.6 million across 11 blockchains and finds thousands of customer deposit addresses drained hours after the Brazilian exchange said it had stopped the breach on Monday.
The selloff highlights the vulnerability of cryptocurrencies to broader market trends, emphasizing the interconnectedness of financial markets.
Bitcoin fell 6% to $75,700 and ether 7% as a Nasdaq selloff hit crypto, triggering $1.03 billion in liquidations.
Technology stocks plunged after the Democratic midterm sweep intensified concerns over AI spending, dragging Bitcoin lower as leveraged traders suffered heavy losses.
The post-election rally quickly reversed as AI stocks plunged, but cryptocurrencies held up relatively better despite a $1 billion liquidation wave.
Strategy's STRC preferred stock briefly returned to $100 on Nov. 4, potentially restoring a funding channel for Bitcoin purchases after months of cash-consuming share buybacks. The company announced on Nov.
The Hut 8-backed miner reversed a second-quarter loss, driven largely by a $197 million gain on its Bitcoin holdings.